Stories related to: real estate
May 17, 2018 | Chris Nichols
Supporters say the initiative would give homeowners 55 and up a property tax discount when they buy a pricier home. That, in turn, could ease the state’s housing crunch by freeing up inventory for younger buyers.
March 8, 2018 | Steve Milne
The dwindling supply of low-priced homes in Sacramento means fewer properties are being purchased, fixed-up and then put back on the market within a 12-month period, known as flipping. About 2,200 homes were flipped in 2017, down 2 percent from 2016.
November 30, 2017 | Steve Milne
A new list of 123 U.S. metro areas where home buyers are most likely to move in the fourth quarter puts Reno at No. 8 and Sacramento at 46. The list is based on the number of home mortgage applications filed between July and September.
October 18, 2017 | Steve Milne
Golden 1 Center is sparking economic growth in downtown Sacramento, even though parking costs a lot more. Two local business groups say the venue helped increase employment and decrease office vacancy rates since breaking ground in 2014.
September 14, 2017 | Steve Milne
Modesto has one of the highest home flipping rates in the United States. Analysts say flippers like Modesto because it still has a lot of low-priced housing available.
July 20, 2017 | Steve Milne
Banks are repossessing fewer Sacramento area homes, according to new numbers out today. It's great news for homeowners. But it means fewer opportunities for first-time home buyers who don't have a lot of money to spend and are looking for discounts.
June 29, 2017 | Steve Milne
Sacramento County's median home price was $318,000 in the second-quarter of this year, helping to sink the affordability index even further. Analysts say affordability is the lowest it's been since the first quarter of 2008.
March 30, 2017 | Steve Milne
Home prices continue to outpace wage growth in Sacramento County. The median sales price in the first-quarter was about $293,000, up six percent from a year ago. While wages only went up five percent.
March 23, 2017 | Steve Milne
If you're thinking about buying rental properties and becoming a landlord, you'd see solid returns on single-family properties in the Midwest, Rust Belt and Southeast ... but not so much in Sacramento.